Evergy, Inc. (NASDAQ:EVRG) Shares Bought by Inspire Advisors LLC

Inspire Advisors LLC raised its holdings in Evergy, Inc. (NASDAQ:EVRG) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,429 shares of the company’s stock after purchasing an additional 2,495 shares during the quarter. Inspire Advisors LLC’s holdings in Evergy were worth $1,934,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Sage Mountain Advisors LLC acquired a new position in Evergy in the fourth quarter valued at $385,000. Johnson Investment Counsel Inc. increased its stake in Evergy by 9.9% in the fourth quarter. Johnson Investment Counsel Inc. now owns 9,542 shares of the company’s stock valued at $587,000 after purchasing an additional 863 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Evergy by 6.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 33,560 shares of the company’s stock valued at $2,065,000 after acquiring an additional 1,926 shares in the last quarter. AlphaQuest LLC purchased a new stake in shares of Evergy in the fourth quarter valued at about $173,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Evergy by 16.4% in the fourth quarter. Larson Financial Group LLC now owns 9,271 shares of the company’s stock valued at $571,000 after acquiring an additional 1,304 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on EVRG shares. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Barclays lifted their target price on shares of Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday. Finally, LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.79.

Evergy Stock Down 1.1 %

EVRG stock opened at $65.06 on Tuesday. The company has a market cap of $14.96 billion, a P/E ratio of 17.58, a P/E/G ratio of 2.82 and a beta of 0.62. Evergy, Inc. has a 52 week low of $49.55 and a 52 week high of $69.93. The company’s 50-day moving average price is $64.55 and its 200 day moving average price is $62.54. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. On average, research analysts expect that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Monday, March 10th. Evergy’s dividend payout ratio (DPR) is presently 70.45%.

Evergy Company Profile

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.